DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 50,000 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at $2,710,274.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Andy Fang also recently made the following trade(s):

• On Thursday, October 10th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $143.76, for a total value of $7,188,000.00.
• On Thursday, September 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $149.86 on Thursday. DoorDash, Inc. has a one year low of $69.90 and a one year high of $150.29. The stock has a market capitalization of $61.28 billion, a price-to-earnings ratio of -138.76, a PEG ratio of 425.82 and a beta of 1.70. The company has a 50-day simple moving average of $134.16 and a 200-day simple moving average of $122.77.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the company earned ($0.44) earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. As a group, research analysts forecast that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Several hedge funds have recently modified their holdings of DASH. Jupiter Asset Management Ltd. acquired a new position in DoorDash in the 1st quarter valued at $2,969,000. Paragon Capital Management Inc. purchased a new stake in shares of DoorDash in the second quarter valued at about $1,309,000. CWM LLC increased its stake in shares of DoorDash by 97.1% during the third quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after acquiring an additional 5,273 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in DoorDash by 9.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 25,807 shares of the company’s stock worth $2,807,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in DoorDash by 7.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 689,785 shares of the company’s stock valued at $94,997,000 after purchasing an additional 47,725 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent research reports. Wolfe Research assumed coverage on DoorDash in a report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 price target on the stock. Redburn Atlantic initiated coverage on shares of DoorDash in a research note on Friday, July 26th. They set a “buy” rating and a $170.00 target price on the stock. UBS Group lifted their price target on shares of DoorDash from $125.00 to $143.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Barclays raised their price objective on shares of DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.91.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.